The stock of Solaredge Technologies Inc (NASDAQ:SEDG) is a huge mover today! About 802,363 shares traded hands. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 46.08% since April 14, 2016 and is downtrending. It has underperformed by 50.77% the S&P500.
The move comes after 9 months negative chart setup for the $529.09 million company. It was reported on Nov, 16 by Barchart.com. We have $12.42 PT which if reached, will make NASDAQ:SEDG worth $26.45M less.
Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage
Out of 15 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 8 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 53% are positive. SolarEdge Technologies has been the topic of 33 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, November 2 by TH Capital. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Mkt Perform” rating given on Thursday, November 10 by FBR Capital. The company was maintained on Thursday, November 5 by Needham. The rating was maintained by FBR Capital with “Outperform” on Thursday, February 4. The firm has “Buy” rating given on Thursday, February 4 by Needham. The firm earned “Buy” rating on Monday, November 2 by Roth Capital. The firm has “Sell” rating given on Friday, October 7 by Goldman Sachs. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) earned “Outperform” rating by FBR Capital on Friday, December 18. Needham maintained the stock with “Buy” rating in Tuesday, May 10 report. JP Morgan initiated it with “Overweight” rating and $34 target price in Tuesday, February 23 report.
According to Zacks Investment Research, “SolarEdge Technologies, Inc. provides inverter solution. The company’s SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel.”
More notable recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: Fool.com which released: “Why SolarEdge Technologies Inc’s Shares Fell 19% Today” on November 10, 2016, also Fool.com with their article: “The Biggest Problem With SolarEdge Technologies Inc. Stock” published on April 01, 2016, Fool.com published: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) were released by: Fool.com and their article: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” published on May 10, 2016 as well as Valuewalk.com‘s news article titled: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 2016.
SEDG Company Profile
SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. This enables each PV module to continuously produce its maximum power potential independent of other modules in the same string, thus minimizing module mismatch and partial shading losses. By performing these adjustments at a high rate, its power optimizers also solve the dynamic MPP losses associated with traditional inverters. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud monitoring platform that operates as a single integrated system.
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